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Technology Stocks : Micron Only Forum

MU 230.24

+2.5%

Nov 26 3:59 PM EST

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To: John Graybill who wrote (47732)	8/20/1999 10:49:00 AM
From: Thomas G. Busillo	Read Replies (2) of 53903

John, 60 looked like the favored strike last night, so the strength is surprising. If they're going to do it, they'll need some serious mojo in the p.m. I just looked at the closest 4 series from the CBOE board: Call OI Put OI 55 3555 4260 60 5609 3299 65 4559 820 70 4680 677 ----------------------- ITM $ITM 54 9056 43906 55 4796 34850 56 8351 33609 57 8351 32368 58 8351 31127 59 8351 29886 60 5052 28645 MIN ITM contracts (AUG 55-70) 61 10661 36312 62 10661 43379 63 10661 51646 64 10661 59313 65 9841 66980 66 14400 80026 67 14400 93072 68 14400 106118 69 14400 119164 70 13723 132210 71 18403 150613 I guess if it's close late in the game they could try and pin the 65's too. Looks like that's where it's headed. Then again, this is MU we're talking about. So basically the conclusion coming out of the above is that MU will either go up or down for the remainder of the day <g> Good trading, Tom Edit Mode: So as an after thought, IF it continues to go vertical and is 66-67 2:30-3:00 do you risk a late-day day trade on the short side in anticipation of them finding a way to get it back down to 65? I've done the "CA options pinning day trade" before and it's turned-out alright, but I definitely was questioning my own sanity when doing it. Will be interesting.

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